I obviously don't know for sure, and I know several here will scream "scam", but looking at Bo's past and current actions, I've always felt that his problems were more related to incompetence. And yes, his narcissism did play a role.
Bo seems good at talking the talk, but fails to walk the walk. He was probably able to woo CJF and PCG into joining Calipharms by making it sound like several other companies were also coming on board, and by exaggerating the rise that would occur in share price. But as time went on, he wasn't able to close many of the deals and couldn't move the price.
Several months ago, a poster here claimed to have had an email exchange with someone from CJF and posted the conversation here. Basically the alleged CJF person appeared disgruntled that the price wasn't moving and as a result, discontinued the partnership. PCG may have become frustrated that they were the only one left in this supposed conglomerate of companies, causing them to drop out too.
I had always hoped that the price would start rising as Harvest approached, which would create the needed incentive for CJF and others to jump back on board. I still feel that if PCG would have held off on their announcement a little bit longer, we would have had that out-of-the-blue run that everyone was waiting for, which could've changed everything. The optimist in me feels that one reason Bo never publicized his failed deals was because he hoped for the same.
As I've said before, toward the end, I was kind of hoping that Bo was the scammer that people claimed, because I feel that would have had a better outcome than my alternative theory that his failures were simply related incompetence.
